Title

Rising to the challenge: Top executives with R&D background, risk-taking and corporate innovation

Document Type

Journal Article

Publication Title

Science, Technology and Society

Publisher

SAGE

School

School of Business and Law

Funders

National Natural Science Foundation of China

Comments

Li, H., & Xiang, E. (2022). Rising to the challenge: Top executives with R&D background, risk-taking and corporate innovation. Science, Technology and Society. Advance online publication https://doi.org/10.1177/09717218221075153

Abstract

More than half of Chinese high-technology firms are led by top executives (chairman and CEO) with R&D background. This study investigates whether and how top executives’ R&D background affects corporate innovation outcomes using a sample of listed firms in the high-technology industries in China. We find that the R&D background of top executives is positively related to innovation outcomes. We also find evidence on the mediating effect of R&D expenditure and moderating effect of corporate risk-taking on the above relationship. Our baseline results are robust to tests that address concerns caused by potential unobservable characteristics, reverse causality and other issues. Findings of our study have important implications for firms that aim to enhance their innovation outcomes and countries regarding their research policymaking and R&D management.

DOI

10.1177/09717218221075153

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